The concept of the middle‐income trap (MIT) continues to pose significant challenges for countries undergoing rapid industrialisation and economic reform. This phenomenon refers to the stage where ...
We investigate the existence of a middle-income trap using finite state Markov chains, constant growth thresholds, and mean passage times. As well as studying output per head, we examine the dynamics ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results